Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $117.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price increased by equities research analysts at Mizuho from $110.00 to $117.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 24.28% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on VAC. The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective for the company. Truist Financial decreased their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a report on Friday, July 19th. Barclays boosted their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.05.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $94.14 on Tuesday. The stock has a market capitalization of $3.30 billion, a PE ratio of 17.93, a PEG ratio of 0.87 and a beta of 1.79. The business’s 50 day simple moving average is $76.48 and its 200 day simple moving average is $82.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.28 and a quick ratio of 2.72. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in VAC. Verity Asset Management Inc. boosted its holdings in Marriott Vacations Worldwide by 3.1% during the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after purchasing an additional 131 shares during the last quarter. Covestor Ltd boosted its stake in Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after acquiring an additional 159 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after acquiring an additional 216 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Finally, Quarry LP boosted its stake in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.